World Bank commits $ 100 mn for health project in Uttarakhand

Image
Press Trust of India New Delhi
Last Updated : Mar 25 2017 | 7:22 PM IST
The World Bank has approved a USD 100-million loan for a health project in Uttarakhand to provide medical services in the state.
The financing agreement from World Bank's arm International Development Assistance (IDA) for 'Uttarakhand Health Systems Development Project' was signed here, an official statement said.
One of the components of the project would entail engaging private sector for health services in these regions while the other on stewardship and system improvement.
Total cost of the project is USD 125 million, of which USD 25 million will be funded by the state government.
Under the project, there will be multiple self-contained clusters of clinical services from operators on a PPP model. They will provide services for free or at nominal charges, the statement said.
Health services under the project will have a robust oversight and monitoring mechanism that will be fully integrated with the expanded health insurance programme in Uttarakhand.
"This will be concurrent with strengthening the state's capacity to implement the project," it said. The project is slated to be completed by 2023.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 25 2017 | 7:22 PM IST

Next Story